HomeAffordability Calculator

Affordability Calculator

Find out how much home you can afford based on your income, debts, and down payment — using the 43% DTI guideline.

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Your Finances

Gross Monthly Income
$8,000/mo
$1,000/mo$50,000/mo
Monthly Debt Payments
$500/mo
$0/mo$5,000/mo
Down Payment
$60,000
$0$500,000

Loan Details

Interest Rate
6.370%
2.000%12.000%

Pre-filled with today's live 30yr Fixed rate (Freddie Mac / FRED)

Loan Term
Property Tax
$250/mo
$0/mo$2,000/mo
Home Insurance
$150/mo
$0/mo$500/mo

You Can Afford Up To

$467,350

Based on a 30-year loan at 6.370% with $60,000 down

Loan Amount

$407,350

Down Payment

$60,000 (13%)

LTV

87.2%

Total DTI

43.0%

Monthly Payment Breakdown

Principal & Interest
$2,540/mo
Property Tax
$250/mo
Home Insurance
$150/mo
Other Debt
$500/mo
Total Monthly$3,440/mo

Payment Distribution

Principal & Interest
Property Tax
Home Insurance
Other Debt

Debt-to-Income Ratio

43.0% DTI
0%43% max guideline100%

Your DTI exceeds the 43% guideline. Consider reducing debt or increasing your income to improve approval odds.

Ready to take the next step?

Get pre-approved and lock in your rate today.

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Disclaimer: This calculator provides estimates for informational purposes only and does not constitute a loan commitment or approval. Actual loan amounts and terms depend on credit score, employment history, and lender guidelines. Consult a licensed mortgage professional for personalized advice. NMLS #2099552.